Prs Reit (LON:PRSR) Trading Up 0% – Here’s What Happened

by · The Markets Daily

Prs Reit (LON:PRSR – Get Free Report)’s stock price traded up 0% during mid-day trading on Wednesday . The company traded as high as GBX 113.80 and last traded at GBX 113.63. 2,259,232 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 4,189,052 shares. The stock had previously closed at GBX 113.60.

Analysts Set New Price Targets

Separately, Jefferies Financial Group increased their price target on Prs Reit from GBX 107 to GBX 115 and gave the company a “hold” rating in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Prs Reit currently has an average rating of “Hold” and a consensus target price of GBX 115.

Check Out Our Latest Report on PRSR

Prs Reit Price Performance

The stock has a market cap of £624.11 million, a price-to-earnings ratio of 8.12, a P/E/G ratio of 0.34 and a beta of 0.55. The business’s 50 day moving average is GBX 113.61 and its 200 day moving average is GBX 109.94.

Prs Reit (LON:PRSR – Get Free Report) last announced its quarterly earnings results on Tuesday, October 7th. The company reported GBX 4.40 earnings per share (EPS) for the quarter. Prs Reit had a return on equity of 13.28% and a net margin of 160.59%. As a group, analysts forecast that Prs Reit will post 4.4399999 earnings per share for the current year.

Insider Buying and Selling

In other news, insider David Steffan Francis sold 124,990 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of GBX 114, for a total transaction of £142,488.60. Also, insider Roderick MacLeod (Rod) MacRae sold 124,000 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of GBX 114, for a total transaction of £141,360. Corporate insiders own 1.24% of the company’s stock.

Prs Reit Company Profile

(Get Free Report)

www.theprsreit.com
The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector (“PRS”). It aims to provide shareholders with an attractive level of income together with the potential for capital and income growth.

The Company is investing over £1bn in a portfolio of high-quality homes for private rental, mainly across the major regions of England. Its portfolio currently comprises over 5,000 homes, with a further 500 homes under development.

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